News Corp (NWSA.O) has tapped Allen & Co to field buyout interest for MySpace and has heard from about 50 parties, people familiar with the process told Reuters on Friday. The global media conglomerate is considering a handful of options for the future of MySpace, the once-hot Internet social network that has fallen far behind faster moving rival Facebook. One source close to the process said an auction for MySpace has not started yet.
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